Interest Rebate
The amount of interest rebate as a result of early settlement of loan. This is based on the Rule of 78.

Loan Redemption Amount
The amount to pay out to the bank upon the early settlement of loan. It is the oustanding minus the loan redemption.

PARF Rebate
Based on tiered rate of the Aditional Registration Fee (ARF). The ARF is based on the OMV of the vehicle.

COE Rebate
Based on pro-rated value of the Quota Premium paid.

Dereg Value
Total value of PARF and COE Rebate, also known as 'Paper Value'.

Cash Position
The cash balance of the car upon loan settlement and car degistration. If this value started to be greater than 0, it is commonly known as 'Break Even'.

Remarks

1.

Dec

2018

24,180

55,857

9,336

-46,521

20,690

38,535

59,225

12,704

Break Even

2.

Jan

2019

24,869

55,168

9,108

-46,059

20,690

38,059

58,750

12,691

3.

Feb

2019

25,559

54,478

8,884

-45,594

20,690

37,584

58,274

12,679

4.

Mar

2019

26,248

53,788

8,661

-45,127

20,690

37,108

57,798

12,671

5.

Apr

2019

26,938

53,099

8,442

-44,657

20,690

36,632

57,322

12,666

6.

May

2019

27,628

52,409

8,226

-44,183

20,690

36,156

56,847

12,663

7.

Jun

2019

28,317

51,720

8,012

-43,707

20,690

35,681

56,371

12,663

8.

Jul

2019

29,007

51,030

7,801

-43,229

20,690

35,205

55,895

12,666

9.

Aug

2019

29,696

50,340

7,593

-42,747

20,690

34,729

55,419

12,672

10.

Sep

2019

30,386

49,651

7,388

-42,263

20,690

34,253

54,944

12,681

11.

Oct

2019

31,076

48,961

7,186

-41,776

20,690

33,778

54,468

12,692

12.

Nov

2019

31,765

48,272

6,986

-41,286

20,690

33,302

53,992

12,707

End Of Year 1 of Loan

13.

Dec

2019

32,455

47,582

6,789

-40,793

20,690

32,826

53,516

12,724

14.

Jan

2020

33,144

46,892

6,595

-40,297

20,690

32,350

53,041

12,744

15.

Feb

2020

33,834

46,203

6,404

-39,799

20,690

31,875

52,565

12,766

16.

Mar

2020

34,524

45,513

6,216

-39,298

20,690

31,399

52,089

12,792

17.

Apr

2020

35,213

44,824

6,030

-38,793

20,690

30,923

51,613

12,820

18.

May

2020

35,903

44,134

5,847

-38,287

20,690

30,447

51,138

12,851

19.

Jun

2020

36,592

43,444

5,667

-37,777

20,690

29,972

50,662

12,885

20.

Jul

2020

37,282

42,755

5,490

-37,264

20,690

29,496

50,186

12,922

21.

Aug

2020

37,971

42,065

5,316

-36,749

20,690

29,020

49,710

12,961

22.

Sep

2020

38,661

41,376

5,145

-36,231

20,690

28,545

49,235

13,004

23.

Oct

2020

39,351

40,686

4,976

-35,710

19,311

28,069

47,380

11,670

24.

Nov

2020

40,040

39,996

4,810

-35,186

19,311

27,593

46,904

11,718

End Of Year 2 of Loan

25.

Dec

2020

40,730

39,307

4,647

-34,660

19,311

27,117

46,428

11,768

26.

Jan

2021

41,419

38,617

4,487

-34,130

19,311

26,642

45,952

11,822

27.

Feb

2021

42,109

37,928

4,329

-33,598

19,311

26,166

45,477

11,878

28.

Mar

2021

42,799

37,238

4,175

-33,063

19,311

25,690

45,001

11,938

29.

Apr

2021

43,488

36,548

4,023

-32,526

19,311

25,214

44,525

12,000

30.

May

2021

44,178

35,859

3,874

-31,985

19,311

24,739

44,049

12,064

31.

Jun

2021

44,867

35,169

3,728

-31,442

19,311

24,263

43,574

12,132

32.

Jul

2021

45,557

34,480

3,584

-30,895

19,311

23,787

43,098

12,203

33.

Aug

2021

46,247

33,790

3,444

-30,346

19,311

23,311

42,622

12,276

34.

Sep

2021

46,936

33,101

3,306

-29,794

19,311

22,836

42,147

12,352

35.

Oct

2021

47,626

32,411

3,171

-29,240

17,932

22,360

40,291

11,052

36.

Nov

2021

48,315

31,721

3,039

-28,682

17,932

21,884

39,816

11,133

End Of Year 3 of Loan

37.

Dec

2021

49,005

31,032

2,910

-28,122

17,932

21,408

39,340

11,218

38.

Jan

2022

49,695

30,342

2,783

-27,559

17,932

20,933

38,864

11,305

39.

Feb

2022

50,384

29,653

2,659

-26,993

17,932

20,457

38,388

11,395

40.

Mar

2022

51,074

28,963

2,539

-26,424

17,932

19,981

37,913

11,488

41.

Apr

2022

51,763

28,273

2,420

-25,853

17,932

19,505

37,437

11,584

42.

May

2022

52,453

27,584

2,305

-25,279

17,932

19,030

36,961

11,683

43.

Jun

2022

53,143

26,894

2,193

-24,701

17,932

18,554

36,485

11,784

44.

Jul

2022

53,832

26,205

2,083

-24,121

17,932

18,078

36,010

11,888

45.

Aug

2022

54,522

25,515

1,976

-23,539

17,932

17,602

35,534

11,995

46.

Sep

2022

55,211

24,825

1,872

-22,953

17,932

17,127

35,058

12,105

47.

Oct

2022

55,901

24,136

1,771

-22,365

16,552

16,651

33,203

10,838

48.

Nov

2022

56,591

23,446

1,673

-21,773

16,552

16,175

32,727

10,954

End Of Year 4 of Loan

49.

Dec

2022

57,280

22,757

1,577

-21,179

16,552

15,699

32,252

11,072

50.

Jan

2023

57,970

22,067

1,484

-20,583

16,552

15,224

31,776

11,193

51.

Feb

2023

58,659

21,377

1,394

-19,983

16,552

14,748

31,300

11,317

52.

Mar

2023

59,349

20,688

1,307

-19,381

16,552

14,272

30,824

11,444

53.

Apr

2023

60,038

19,998

1,223

-18,775

16,552

13,797

30,349

11,573

54.

May

2023

60,728

19,309

1,141

-18,167

16,552

13,321

29,873

11,706

55.

Jun

2023

61,418

18,619

1,063

-17,556

16,552

12,845

29,397

11,841

56.

Jul

2023

62,107

17,929

987

-16,943

16,552

12,369

28,921

11,979

57.

Aug

2023

62,797

17,240

914

-16,326

16,552

11,894

28,446

12,120

58.

Sep

2023

63,486

16,550

843

-15,707

16,552

11,418

27,970

12,263

59.

Oct

2023

64,176

15,861

776

-15,085

15,173

10,942

26,115

11,030

60.

Nov

2023

64,866

15,171

711

-14,460

15,173

10,466

25,639

11,179

End Of Year 5 of Loan

61.

Dec

2023

65,555

14,481

649

-13,832

15,173

9,991

25,163

11,331

62.

Jan

2024

66,245

13,792

590

-13,202

15,173

9,515

24,688

11,486

63.

Feb

2024

66,934

13,102

534

-12,568

15,173

9,039

24,212

11,644

64.

Mar

2024

67,624

12,413

481

-11,932

15,173

8,563

23,736

11,804

65.

Apr

2024

68,314

11,723

430

-11,293

15,173

8,088

23,260

11,967

66.

May

2024

69,003

11,034

382

-10,651

15,173

7,612

22,785

12,134

67.

Jun

2024

69,693

10,344

337

-10,007

15,173

7,136

22,309

12,302

68.

Jul

2024

70,382

9,654

295

-9,359

15,173

6,660

21,833

12,474

69.

Aug

2024

71,072

8,965

256

-8,709

15,173

6,185

21,357

12,649

70.

Sep

2024

71,762

8,275

219

-8,056

15,173

5,709

20,882

12,826

71.

Oct

2024

72,451

7,586

186

-7,400

13,794

5,233

19,027

11,627

72.

Nov

2024

73,141

6,896

155

-6,741

13,794

4,757

18,551

11,810

End Of Year 6 of Loan

73.

Dec

2024

73,830

6,206

127

-6,080

13,794

4,282

18,075

11,995

74.

Jan

2025

74,520

5,517

101

-5,416

13,794

3,806

17,599

12,184

75.

Feb

2025

75,210

4,827

79

-4,748

13,794

3,330

17,124

12,375

76.

Mar

2025

75,899

4,138

59

-4,079

13,794

2,854

16,648

12,569

77.

Apr

2025

76,589

3,448

42

-3,406

13,794

2,379

16,172

12,766

78.

May

2025

77,278

2,758

28

-2,730

13,794

1,903

15,696

12,966

79.

Jun

2025

77,968

2,069

17

-2,052

13,794

1,427

15,221

13,169

80.

Jul

2025

78,658

1,379

8

-1,371

13,794

951

14,745

13,374

81.

Aug

2025

79,347

690

3

-687

13,794

476

14,269

13,582

82.

Sep

2025

80,037

0

0

0

13,794

0

13,794

13,794

Loan Fully Paid

Loan Redemption Amount

Paper/Deregistration Value

Month

Year

Loan RedemptionAmount
The amount to pay out to the bank upon the early settlement of loan. It is the oustanding minus the loan redemption.

Dereg Value
Total value of PARF and COE Rebate, also known as 'Paper Value'.

Cash Position
The cash balance of the car upon loan settlement and car degistration. If this value started to be greater than 0, it is commonly known as 'Break Even'.

Dec

2018

-46,521

59,225

12,704

Jan

2019

-46,059

58,750

12,691

Feb

2019

-45,594

58,274

12,679

Mar

2019

-45,127

57,798

12,671

Apr

2019

-44,657

57,322

12,666

May

2019

-44,183

56,847

12,663

Jun

2019

-43,707

56,371

12,663

Jul

2019

-43,229

55,895

12,666

Aug

2019

-42,747

55,419

12,672

Sep

2019

-42,263

54,944

12,681

Oct

2019

-41,776

54,468

12,692

Nov

2019

-41,286

53,992

12,707

End Of Year 1 of Loan

Dec

2019

-40,793

53,516

12,724

Jan

2020

-40,297

53,041

12,744

Feb

2020

-39,799

52,565

12,766

Mar

2020

-39,298

52,089

12,792

Apr

2020

-38,793

51,613

12,820

May

2020

-38,287

51,138

12,851

Jun

2020

-37,777

50,662

12,885

Jul

2020

-37,264

50,186

12,922

Aug

2020

-36,749

49,710

12,961

Sep

2020

-36,231

49,235

13,004

Oct

2020

-35,710

47,380

11,670

Nov

2020

-35,186

46,904

11,718

End Of Year 2 of Loan

Dec

2020

-34,660

46,428

11,768

Jan

2021

-34,130

45,952

11,822

Feb

2021

-33,598

45,477

11,878

Mar

2021

-33,063

45,001

11,938

Apr

2021

-32,526

44,525

12,000

May

2021

-31,985

44,049

12,064

Jun

2021

-31,442

43,574

12,132

Jul

2021

-30,895

43,098

12,203

Aug

2021

-30,346

42,622

12,276

Sep

2021

-29,794

42,147

12,352

Oct

2021

-29,240

40,291

11,052

Nov

2021

-28,682

39,816

11,133

End Of Year 3 of Loan

Dec

2021

-28,122

39,340

11,218

Jan

2022

-27,559

38,864

11,305

Feb

2022

-26,993

38,388

11,395

Mar

2022

-26,424

37,913

11,488

Apr

2022

-25,853

37,437

11,584

May

2022

-25,279

36,961

11,683

Jun

2022

-24,701

36,485

11,784

Jul

2022

-24,121

36,010

11,888

Aug

2022

-23,539

35,534

11,995

Sep

2022

-22,953

35,058

12,105

Oct

2022

-22,365

33,203

10,838

Nov

2022

-21,773

32,727

10,954

End Of Year 4 of Loan

Dec

2022

-21,179

32,252

11,072

Jan

2023

-20,583

31,776

11,193

Feb

2023

-19,983

31,300

11,317

Mar

2023

-19,381

30,824

11,444

Apr

2023

-18,775

30,349

11,573

May

2023

-18,167

29,873

11,706

Jun

2023

-17,556

29,397

11,841

Jul

2023

-16,943

28,921

11,979

Aug

2023

-16,326

28,446

12,120

Sep

2023

-15,707

27,970

12,263

Oct

2023

-15,085

26,115

11,030

Nov

2023

-14,460

25,639

11,179

End Of Year 5 of Loan

Dec

2023

-13,832

25,163

11,331

Jan

2024

-13,202

24,688

11,486

Feb

2024

-12,568

24,212

11,644

Mar

2024

-11,932

23,736

11,804

Apr

2024

-11,293

23,260

11,967

May

2024

-10,651

22,785

12,134

Jun

2024

-10,007

22,309

12,302

Jul

2024

-9,359

21,833

12,474

Aug

2024

-8,709

21,357

12,649

Sep

2024

-8,056

20,882

12,826

Oct

2024

-7,400

19,027

11,627

Nov

2024

-6,741

18,551

11,810

End Of Year 6 of Loan

Dec

2024

-6,080

18,075

11,995

Jan

2025

-5,416

17,599

12,184

Feb

2025

-4,748

17,124

12,375

Mar

2025

-4,079

16,648

12,569

Apr

2025

-3,406

16,172

12,766

May

2025

-2,730

15,696

12,966

Jun

2025

-2,052

15,221

13,169

Jul

2025

-1,371

14,745

13,374

Aug

2025

-687

14,269

13,582

Sep

2025

0

13,794

13,794

Disclaimer: The Car Loan Calculator is used as a guide to help you to get a better sense of your financial commitments when buying a car. It does not warrant the accuracy, adequacy or completeness of the figures presented. Oneshift.com expressly disclaims liability for errors or omissions.

What is OMV?

With effects from 27 May 2016, the minimum down payment is 30% when the 'remaining COE' is less than or equal to $20,000. 40% when the 'remaining COE' is above $20,000.

The 'remaining COE' is calculated using the OMV and pro-rating it according to the number of months left on the COE. For example, if the car has five years to go on the COE, the 'remaining OMV' is half of the OMV.

What is the Monthly Installment?

The monthly sum payable to financing company.

What is the Total Loan?

The original loan amount.

What is the Total Interest?

The total sum of interest to be paid over the total loan period.

What is Depreciation?

The average annual depreciation of the car is calculated as follows: (Car Price with COE - Scrap value of car) / 10.

What is the COE Quota Premium?

The COE Quota Premium is included in the car price. For Off-Peak Car option, this is offset by the $17,000 discount.

What is the ARF?

The Additional Registration Fee is included in the car price.

*Note: For cars registered with COE from March 2013, the ARF will be calculated based on a tiered system. First $20,000 of the OMV, 100% of OMV. Next $30,000 of the OMV, 140% of Incremental OMV. Remaining OMV, 180% of Incremental OMV.

What is the PARF Rebate?

Effective from 1 September 2008, you may encash your PARF rebate if you do not intend to use the rebates to offset either the upfront taxes payable at registration of a vehicle.